# 853 Merrimon Avenue, Asheville, NC 28804

> **TL;DR:** commercial, $2,700,000, built 1957.
> A/C. Est. $11,700/mo. Listed 167 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,700,000 |
| Year Built | 1957 |
| Lot Size | 33,977 sqft (0.78 acres) |
| Stories | 2 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 167 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $11,700 |
| **Total** | **$11,700** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1957
- 0.78 acre lot
- 2 stories
- 90 parking spaces

## Description

### Agent Description
A rare property, two parcels together offering .78 acres, 130' of frontage on Merrimon corridor in North Asheville. Can be a redevelopment or investment opportunity with high traffic (17,500 cars/day) in the heart of the desirable Grace Neighborhood. One mile from downtown Asheville, 1/2 mile from UNC-A. The area is just south of the very desirable Beaver Dam and Asheville Country Club area, and is known for walkability and proximity to downtown. The Grace Building is on the highly trafficked Merrimon Ave. (17,500 cars daily) with 130' of frontage. Pro forma suggests a cap rate of 7.5% with spaces full at market rates. Plenty of surface parking especially with the included 0.31 acre lot behind the building. With some renovation and/or creative re-development, given its desirable location, this is a strong, long-hold investment. The property is zoned CBII and RM enabling a multitude of uses, including retail, food / beverage / brewing, professional office, medical office, fitness and art studios, among others. There are 5500 residences within 1/2 mile of this location.

## Location

- **Address:** 853 Merrimon Avenue, Asheville, NC 28804
- **County:** Buncombe
- **Coordinates:** 35.627497, -82.552566
- **Google Maps:** https://www.google.com/maps?q=35.627497,-82.552566

## Listing Agent

- **Name:** Bill Steigerwald
- **Brokerage:** Tessier Associates
- **Phone:** 8284609529
- **Email:** bill.steig@tessiergroup.com

## Primary Photo

![853 Merrimon Avenue - Primary Photo](http://lh.rdcpix.com/439b2416f7588a67a6cb7ace5e53cb49l-f3189235800r.jpg)

*17 total photos available on [listing page](https://www.propertysimple.com/listing/853-merrimon-avenue-asheville-nc-28804-4329956)*

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**MLS#:** 4329956 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/853-merrimon-avenue-asheville-nc-28804-4329956)

---

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